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Just Lifetime Income In A Living Annuity

Blending inside partner living annuities

Blended living annuities offer a guaranteed life annuity (JuLI) as an investment portfolio inside a living annuity’s legal structure. Just SA currently provides the lifetime income portfolio in five partner living annuities. Features of both products are available in one solution.

Just Lifetime Income (JuLI) Portfolio

  • Secure, lifetime income
  • Increases linked to the performance of a specified balanced fund
  • Income payments cannot reduce, no matter what happens to investment markets
  • Higher rate of return due to benefits of risk pooling associated with a guaranteed life annuity


Partner Living Annuity

  • Offers flexible income, within regulated limits
  • Discretion over how balance of the assets is invested
  • Any “unused” JuLI income builds up in the living annuity in a tax efficient manner
  • Capital balance remaining at death paid to beneficiaries

 

 

 

Why Blend? 

Research shows that a combination of a living annuity and a guaranteed life annuity is an optimal solution, compared to either product on its own. 

Benefits of including JuLI as a portfolio inside a living annuity:

  • The combination improves the sustainability of a living annuity
  • You can secure an amount to cover essential expenses and provide a safety net
  • It allows for a more aggressive investment strategy to be adopted on the non-JuLI assets 
  • It allows an optimal balance between income security, flexibility, and capital legacy

 

 

How to blend 

Just has developed JustBlend, a web-based tool for financial advisers. JustBlend allows registered users to compare blends and can generate a quote immediately. 

Projections show the impact of different blend percentages on income and capital over time, which aims to help advisers and clients decide how much to allocate to the JuLI portfolio. 


How to get a quote

  • As a registered adviser, you can request a quote for the Just Lifetime Income portion directly in JustBlend. Please contact us to request registration details. 

  • You may also need to provide:
    • The percentage (or amount) to switch into the Just Lifetime Income portfolio
    • Whether to add a Spouse’s Income or Minimum Payment Period
    • The chosen increase option*
    • The linked investment portfolio(s) for JuLI increases*
  • Underwriting is optional and can improve the annuity rate. This is a 20-minute phone call to your client, for which we will need a telephone number and a convenient time to call

*Depending on the partner’s living annuity arrangement

 

Need more information?

Please contact us if you'd like to discuss this in more detail with one of our consultants or if you'd like to request a quote. 

A reminder that JustTools allows registered advisers to request quotes direct to your inbox.
If you’re not registered, please contact us and we will gladly assist you.